Mill Creek Capital Advisors LLC Takes Position in Zeta Global Holdings Corp. (NYSE:ZETA)

Mill Creek Capital Advisors LLC acquired a new position in shares of Zeta Global Holdings Corp. (NYSE:ZETA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 219,789 shares of the company’s stock, valued at approximately $3,954,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC lifted its position in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC lifted its position in Zeta Global by 18.8% during the third quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares in the last quarter. State Street Corp lifted its position in Zeta Global by 12.2% during the third quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares in the last quarter. FMR LLC lifted its position in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its position in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after buying an additional 1,703,679 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Up 1.9 %

Shares of NYSE ZETA opened at $21.64 on Tuesday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average of $19.63 and a two-hundred day moving average of $23.87. Zeta Global Holdings Corp. has a 1 year low of $9.35 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period last year, the firm earned ($0.27) earnings per share. Research analysts anticipate that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the purchase, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 in the last ninety days. Insiders own 25.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ZETA shares. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Morgan Stanley cut their target price on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial reissued a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Craig Hallum raised their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zeta Global presently has an average rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.